Will Travel Be the Savior for European Economies?

It’s been all bad news about Europe for more than a year. The latest: Fitch Ratings labeled six eurozone countries (Belgium, Spain, Italy, Ireland, Cyprus, and Slovenia) as “rating watch negative,” meaning that the credit ratings of these countries are under active review and may be downgraded soon. Meanwhile the entire European Union is on the watchlist for downgrades at Standard and Poor’s.
There is good news coming out of one sector, though: tourism. The United ...

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